<span>The United States has approximately 2000 television stations and 1400 daily newspapers.</span>
Answer:
Kalter Insurance Co
July 1, 2019
Dr. Cash: $18,300
Cr. Unearned Service Revenue $18,300
Dec 31
Dr. Unearned Service Revenue: $3,050
Cr. Service Revenue: $3,050
Sunland Co
July 1
Dr. Pre-paid Insurance $18,300
Cr. Cash: $18,300
Dec 31
Dr. Insurance Expense: $3,050
Cr. Pre-paid Insurance: $3,050
Explanation:
Cash Paid for insurance of 3 years on July 1, 2019 is prepaid Insurance for Sunland Co and unearned revenue for Kalter Insurance Co. The Insurance expenses is accrued and Revenue is recognised for 6 months only on Deccember 31, 2019.
Prepaid Insurance / Unearned Revenue = $18,300
Insurance Expense / Service Revenue = $18,300 x 6 / ( 3 x 12 ) = $3,050
A user-centered organization is one that centers all of its innovation and operational efforts on its users, customers, and community in order to serve their needs.
The underlying tenet of user-centered design is that you are more likely to produce goods that people will appreciate if you collect data from consumers and apply your findings to product design.
Simple drawings, mockups, or wireframes are frequently used in the user-centered design process for some or all of the designs. Instead of producing the final product and then having to make expensive revisions if it doesn't match customer demands, this results in a far faster and more affordable design process.
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Answer: The options are given below:
A. Tell the manager that you can't come up with an estimate in a few hours.
B. Ask the manager questions about the new office space to understand the impacted departments that will be located there, the level of finishes desired, etc. then use the budgets of previous similar projects as a guideline.
C. Create a work breakdown structure by using another previous project and create a bottom-up estimate for each work package.
D. Go through all office buildouts for the past five years. Calculate an average construction cost per square foot and multiply the 5,000 square feet by this cost per square feet to calculate the budget
Explanation: The correct answer is B. Ask the manager questions about the new office space to understand the impacted departments that will be located there, the level of finishes desired, etc. then use the budgets of previous similar projects as a guideline.
Aisha is an experienced project manager, and project managers work with plans, budgets, and timelines. This case would not be different, and in order for Aisha to come up with a credible estimate, she will need specifics from the manager about certain aspects of the new project.
All the information she gathers from the manager will help in forming an educated estimate.
Answer:
D) $25,000
Explanation:
Accrual basis is a method of recording accounting transactions for revenue when earned (rather than when the cash is received) and expenses matched with revenues when incurred (rather than at the time when expenses are paid).
In the year, Grace Company earned revenues: $60,000
Expense incurred: $35,000
Prepaid $8,000 that will be expense next year.
Net Income = Earned revenues - Expense incurred = $60,000-$35,000 = $25,000